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The retro market veteran will join ex-Markel property cat colleague Peta White at the start-up.
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The court’s decision was the final step in a protracted legal battle stretching back to May last year. -
On an annual basis, lawsuits were 1% up on 2019 despite success in cutting back AOB cases.
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A new mandate from an institutional investor has seeded the strategy.
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The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The move comes as environmental policies move up the list of investor priorities.
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Ben Somers, former head of investor relations, has left after more than 11 years at the company.
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The capital supports the MGA’s excess retro portfolio.
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The new classification will allow the carrier to increase GWP and third-party risk.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis.
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Kessler originally joined as chief actuary at Ace Westchester in 2003, while Konz arrived from Aon Benfield in 2012.
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The insurer appears to have dropped a separate $30mn aggregate minor-perils collateralised cover that had taken losses.
